TSXV:EVE.H - Post by User
Comment by
CleverInvestor2on Nov 19, 2019 2:28pm
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Post# 30370520
RE:US legalization
RE:US legalization 3PumpChump wrote:
What makes everyone think US legalization will actually be good for us?
Might not benefit us directly but, indirectly, it's good for the whole sector. If canopy goes up 20% cause of USA, eve will ride along and go up 5-10%.... Also, now these bigger companies (again, canopy as an example) can hopefully sell in USA... Which gives them better financials... And brings the sector up.... Also, oversupply in Canada can be fixed by selling our products in USA (again eve doesn't have to go into USA but, if Canopy or apha is selling in USA, they won't be selling as much in Canada or be pressured to sell in Canada. Long answer short, doesn't affect us directly, but we should benefit indirectly.